Most of our decisions are made with incomplete information, which leads to uncertainty and anxiety about the outcomes. Risk-based decision making is a rational, explainable, and defensible way of making decisions. The knowledge you will gain is applicable to all areas of work and life.

Areas Covered in the Webinar:-

• What is risk
• Why humans are inherently terrible at risk assessment
• How our brains perceive and process risk
• What factors have the greatest impact on risk perception?
• How to incorporate risk in your decision-making
• Risk-characterization of your decisions
• Establishing risk acceptance boundaries
• Risk/benefit analysis
• Example of risk-based decision-making applied to Covid-19

Why Should You Attend:-

This webinar will help you understand risk and how to avoid cognitive traps that lead to erroneous decisions. You will learn how to characterize your decisions based on risk and make intelligent trade-offs that lead to confident, explainable, and defensible decisions. We will deepen your learning by applying the presented techniques to a current problem: Covid-19 and the critical decisions that our policymakers face.

Who Will Benefit:-

This webinar will benefit anyone who wants to make better decisions.

Examples:

• Business leaders
• Technical people
• Product developers
• Supply chain managers
• Regulatory and compliance
• Governmental policymakers
• Finance
• Safety professionals
• Anyone who is grappling with major decisions: buying a house, choosing a school, moving to a new location.